Enphase Energy Stock Is Diving Wednesday: What's Going On?
Enphase Energy Inc (NASDAQ:ENPH) shares are trading lower Wednesday after the company reported worse-than-expected financial results for the third quarter. The selloff has accelerated Wednesday morning as multiple analyst firms downgraded or slashed price targets on the stock.
Why is Enphase Energy Stock Selling Off Today?
Shares of Enphase Energy (ENPH), the leading supplier of microinverter-based solar-plus-storage systems, are down about 17% in the pre-market session today. This notable drop in ENPH stock follows the company's disappointing quarterly results last night,
Enphase Energy's Q3: Big Revenue Drop
Enphase Energy's year-over-year revenue decline poses a challenge.
Enphase Energy Reports Financial Results for the Third Quarter of 2024
Our non-GAAP operating expenses were $81.6 million in the third quarter of 2024, compared to $81.7 million in the second quarter of 2024. Our non-GAAP operating income was $101.4 million in the third quarter of 2024, compared to $61.1 million in the second quarter of 2024.
Enphase reports weaker quarter, and this time its U.S. business is not the problem
Revenue in Europe, however, dropped about 15% as compared to the previous quarter, as “the result of a further softening in European demand,” Enphase said. Investors have been
Enphase Energy downgraded ‘back’ to Sell at Guggenheim after Q3 report
As previously reported, Guggenheim downgraded Enphase Energy (ENPH) “back” to Sell from Neutral with a $73 price target following the release of
Enphase Energy: More Pain Ahead
Enphase Energy's Q3 results disappointed investors, with concerns over growth potential and an overvalued stock. Read more on ...
Enphase forecasts fourth-quarter revenue below expectations on muted demand
Solar inverter maker Enphase Energy forecast fourth-quarter revenue below Wall Street expectations on Tuesday due to weak demand in some markets, sending its shares down 9% after the bell.
Enphase Energy: Solar Stock Stuck In The Dark Hopes Earnings Spark A Turnaround
Enphase Energy is gearing up to report its third-quarter earnings after the market closes on Tuesday. Wall Street expects 77 cents per share.
Enphase: Time And Patience Wearing Thin (Downgrade)
Enphase Energy's Q3 earnings disappointed, facing challenges in Europe and competition from Tesla. See why we have downgraded ...
Enphase Energy: Strategic Innovations and Market Expansion Drive Buy Rating Amid Market Challenges
Jeff Osborne, an analyst from TD Cowen, maintained the Buy rating on Enphase Energy (ENPH – Research Report). The associated price target ...
Why Enphase (ENPH) Stock Is Nosediving
Shares of home energy technology company Enphase (NASDAQ:ENPH) fell 17.9% in the morning session after the company reported weak third-quarter earnings results that fell below Wall Street's estimates ...
‘Arguably the largest cardboard structure of its kind’: Enphase Energy and Opal set up awe-inspiring activation, via The Sphere Agency
Sustainable packaging company, Opal, and international energy technology organisation, Enphase Energy, erected a wholly ...
Enphase Energy downgraded by RBC to 'sector perform' amid growth concerns
Investing.com -- Enphase Energy Inc . (NASDAQ: ENPH) has been downgraded by RBC Capital Markets to "sector perform" from ...
Enphase: Light Can Be Seen In The Tunnel
Enphase shows resilience in challenging conditions with strong cash flow and market potential for growth, making it a buy ...